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Author Topic: Altcoiners, don't give up yet. Bitcoin can't do it alone.  (Read 1012 times)
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October 08, 2019, 07:06:19 PM
 #101

It is a fact that Bitcoin started the crypto industry but because of altcoins more people has involve in this kind of industry as they attract more investors with their different kind of creative ideas for the project, the hype of altscoins give some impact on the status of Bitcoin today.

 
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October 08, 2019, 08:45:39 PM
 #102

Altcoins and all new projects are the cryptocurrency market, and if there are no new projects, then there will be no crypto market either.

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October 08, 2019, 09:40:53 PM
 #103

It's about time the altcoins season will come too. the cryptocurrency market has two seasons which are bitcoin season and altcoin season. It appears to be a bitcoin season at the moment and very soon the altcoins will follow too. I believe now is an opportunity to buy more altcoins to make profits in the future. 

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October 12, 2019, 03:53:24 AM
 #104

It's about time the altcoins season will come too. the cryptocurrency market has two seasons which are bitcoin season and altcoin season. It appears to be a bitcoin season at the moment and very soon the altcoins will follow too. I believe now is an opportunity to buy more altcoins to make profits in the future. 
It is not as simple as you make it out to be, just because a bitcoin recovery happened during the last months this does not somehow mean that an altcoins season will follow, the performance of many of the top altcoins has been very weak and when you think about this it makes perfect sense, many investors lost a vast amount of money by investing in altcoins and they do not want to go through this again.

So most of the old and new investors have decided to only invest in bitcoin and while I have no doubts that an altcoins season will eventually come I do not find possible this will take place anytime soon.

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October 12, 2019, 10:05:34 AM
 #105

yes I agree with you because ALT also plays a role in the industry, and ALT also has more sophisticated technology than BTC, but yes BTC is the king because it is the first crypto, of course not all ALTs because some of them are shitcoin, BTC will always at the top but ALT has an important role in it.

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October 12, 2019, 03:52:34 PM
Merited by CryptopreneurBrainboss (1)
 #106

CryptopreneurBrainboss, I've seen your posts all around the forum and I respect you and know you're a smart guy.  I also respect the question you're asking, which is a valid one. 

I have to disagree with you, however.  Bitcoin could carry on just fine if the entire array of altcoins went to zero tomorrow.  In fact it would be a huge boon to bitcoin if that happened, because all the money tied up in alts would be funneled to bitcoin.  This isn't going to happen of course.

OTOH I do believe there is a need for altcoins and it is a good thing indeed that many of them are attempting to improve upon bitcoin, because that's how things progress.  Altcoin traders are fickle, just like you described, but this is why most of them probably lose money.  They pile in when prices are going up and then lose all interest when prices are decreasing or are flat.  But times like now are when they should be buying.  Altcoins aren't dead at all, and the market has been thru periods like this in the past.  It may take a while, but they'll be on fire again.

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October 12, 2019, 04:17:17 PM
 #107

Without altcoins in the world of cryptocurrency, it would already be boring. A variety of functions is provided precisely by altcoins. Moreover, tokens provide cryptocurrency narrow practical application. Today, I think that both bitcoin and altcoins could already exist independently.
Altcoins are currently experiencing a very bad period of sharp decline in their price, however, in any case, this is all temporary. For altcoins, the growth time will still be many times.

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October 26, 2019, 11:23:19 AM
 #108

No chance that BTC will survive alone on this market, but actually BTC is doing much better than all other altcoins combined. Just look at the market, while BTC is flying altcoins are struggling to add even several percents.
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October 26, 2019, 01:22:32 PM
 #109

I expect the best from altcoins by 2021 and if things still go same ways i might give up but all my mind is on halving next year, i believe altcoin will bring the biggest profit, altcoin will always be around for years and its advisable to invest in solid projects

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October 26, 2019, 04:22:41 PM
 #110

You made a huge point here. we all can't depend on bitcoin because it is limited and the purpose out there are countless and diverse. altcoins are needed to assist the evolution of the blockchain technology. before you dump that token of yours, think twice. i have dumped some of my tokens before and i watch them skyrocked. i am not dumping again this time.
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November 18, 2019, 02:34:50 PM
 #111

Altcoins are creating more awareness, for example as big as bitwings project is in colombia today many people are starting to know what crypto is all about because of bitwings from wingsmobile, the fact is bitcoin can't really do it alone

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November 18, 2019, 02:37:28 PM
 #112

you could say we should be together. but actually between one coin and another that in my opinion there is no definite connection. for example when bitcoin falls then altcoin also falls, that is an upheaval, in my opinion it's wrong. because when we see bitcoin go up, altcoin doesn't necessarily go up. this is only a matter of demand in the market, namely bitcoin as the coin with the highest demand thus affecting everything.

the current market has not gone up overall, but at least it has begun to stabilize. if bitcoin can't do it, altcoin can indeed be the top in the market. when the demand for altcoin increases and then the price goes up, it will be a positive thing in the crypto market, regardless later bitcoin will rise or not because bitcoin or altcoin has its own market cap, not simultaneously.



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November 18, 2019, 02:43:39 PM
 #113

The scarcity of Bitcoin along with potentially high fees may make it not practical for every day use.  Not only this, but other altcoins have specific utilities that make them better for a particular use. Ethereum for smart contracts or Monero for security, etc.
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November 18, 2019, 03:44:17 PM
 #114

Altcoins are creating more awareness, for example as big as bitwings project is in colombia today many people are starting to know what crypto is all about because of bitwings from wingsmobile, the fact is bitcoin can't really do it alone
Is there proof? i can't even say if that was creating a big awareness in colombia. Bitcoin can do it alone and when bitcoin was created and it didn't even need the altcoin to get its value. bitwing is a new altcoin and so many people are still asking about the credibility of the project itself. Just because it was created an awareness doesn't mean if bitwing can be taken as an example of how altcoin helped bitcoin.

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November 18, 2019, 04:08:27 PM
Merited by CryptopreneurBrainboss (3)
 #115

Don't give up (bump)
This thread skipped my sight when it was made(by you obviously)but I'll still love to give my honest opinion on it, I don't know if it has already been said, of course this is the sixth page. There were times when diversification was necessary in the network, that was when altcoins were doing very good, as bitcoin lead the way. I bought so many altcoins then for side investments, as my bitcoin is always my priority, so many of those altcoins gave me profits, as I traded, held, and invested them in other areas, but this was all during that good season.

But what about the ones I still hold till now, they are just in my wallet as shitcoins that have no value. I believe altcoins can come back stronger, but for that to happen the industry needs to see less of the creation of ICO tokens, they are so much, and many more are created everyday, this just increases the number of altcoins without developing the ones that are in the market already, so I think altcoins can only improve if there are less/fewer ico tokens, we need just the few good altcoins, so the altcoin holders can focus/concentrate on them and before you know, they would grow and improve gradually.

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crisanto01
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November 18, 2019, 04:20:17 PM
 #116

The scarcity of Bitcoin along with potentially high fees may make it not practical for every day use.  Not only this, but other altcoins have specific utilities that make them better for a particular use. Ethereum for smart contracts or Monero for security, etc.

We are aware that some altcoins has a great future too, although in the future there were majority of the altcoins that will be valued at Zero. Still, I don't give up with altcoins, I know that Bitcoin will not be the kind and most powerful and will be famous just like it has right now without the use and help of altcoins. We don't need to give up in altcoins, we just need to be more careful and let the project which has a real value will remain.
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November 19, 2019, 02:43:01 PM
 #117

Altcoins are creating more awareness, for example as big as bitwings project is in colombia today many people are starting to know what crypto is all about because of bitwings from wingsmobile, the fact is bitcoin can't really do it alone
Is there proof? i can't even say if that was creating a big awareness in colombia. Bitcoin can do it alone and when bitcoin was created and it didn't even need the altcoin to get its value. bitwing is a new altcoin and so many people are still asking about the credibility of the project itself. Just because it was created an awareness doesn't mean if bitwing can be taken as an example of how altcoin helped bitcoin.
More or less, this sounds like a tasteless joke to me. How come this hit his mind that bitcoin needs altcoin in order to survive in this world when bitcoin is the first digital currency. It is the backbone of altcoins. They cant even think about existing without the king. Bitcoin never depended on any asset, either physical or digital for its survival. Even no other entity of the world helped it in making so far.
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November 19, 2019, 02:58:17 PM
 #118

The altcoin industry have lost some big percentage of patronizers due to the poor performance of the market in the recent months, this have cause so many enthusiasts to lose interest in altcoins in general thinking the cryptocurrency industry can do with them. There's no denied the industry can do without most of the present altcoins but cryptocurrency can't can't survive without altcoins been present in general. No disrespect to Bitcoin as it started the journey but the industry have grown beyond bitcoin.

The achievement and development ethereum as a blockchain has contributed for the industry, if the industry had just bitcoin it wouldn't had recorded such developments. We can't do without altcoins, they have become a part of the industry. The sooner we realized that  the better the industry become. Don't misunderstand this post, I'm not advising against investing in bitcoin or encouraging investing in the present altcoins although, all I'm trying to say is, if you think the altcoin industry is going into exile, think again.

The altcoin industry is only going through a phase which won't kill it and as what doesn't kill you only make you stronger, the altcoin market will come out stronger as the good will be separated from the bad projects although bitcoin will always be a household name. Invests wisely and don't forget the best of the best altcoins are yet to be developed, the current ones I consider them to be just test dummies, preparing the way for future altcoins.

What's your take on this, do you think the industry can survive without altcoins that's just bitcoin been the only currency in the space.
I think the industry can survive it without the cryptocurrency I mean it does when no cryptocurrency was not yet created the industry was still running in away.
The thing is cryptocurrency and bitcoin was already popular in the past year and it created a lot of history, in my opinion, the bitcoin could do it alone without the other token or altcoins in the market I mean it does run in the past years and it is the first created cryptocurrency and i think it will be more valuable if no other token was created. I think a lot of investors are already invested in bitcoin and altcoins so I don't think that this cryptocurrency is going to die soon in the market because they are already popular in the market and some are already getting implemented as digital currency like bitcoin that is already used in other countries.

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November 19, 2019, 04:44:41 PM
 #119

More or less, this sounds like a tasteless joke to me. How come this hit his mind that bitcoin needs altcoin in order to survive in this world when bitcoin is the first digital currency. It is the backbone of altcoins. They cant even think about existing without the king. Bitcoin never depended on any asset, either physical or digital for its survival. Even no other entity of the world helped it in making so far.

Don't get me wrong, i have huge respect for bitcoin but the rate at which this industry has grown to, there are some things you can't take out of the industry which involves; stablecoins, privacy coins (bitcoin isn't that anonymous), dApp platforms to build on e.g ethereum, etc that's just to mention a few. The industry won't have gone this far with just bitcoin. Just compared the first five years of bitcoin with the last five years and evaluate the difference.

Bitcoin was the first but it's becoming too complicated for the average individuals as fees are becoming too high, time for confirmation is on the increase too, segwit address is yet to be welcomed by many to reduce fees/confirmation time etc. Bitcoin can't take the industry to the next level alone that's a fact bitcoin maximalist are yet to understand.

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sapnu
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November 19, 2019, 05:50:14 PM
 #120

Altcoins are creating more awareness, for example as big as bitwings project is in colombia today many people are starting to know what crypto is all about because of bitwings from wingsmobile, the fact is bitcoin can't really do it alone
Is there proof? i can't even say if that was creating a big awareness in colombia. Bitcoin can do it alone and when bitcoin was created and it didn't even need the altcoin to get its value. bitwing is a new altcoin and so many people are still asking about the credibility of the project itself. Just because it was created an awareness doesn't mean if bitwing can be taken as an example of how altcoin helped bitcoin.
More or less, this sounds like a tasteless joke to me. How come this hit his mind that bitcoin needs altcoin in order to survive in this world when bitcoin is the first digital currency. It is the backbone of altcoins. They cant even think about existing without the king. Bitcoin never depended on any asset, either physical or digital for its survival. Even no other entity of the world helped it in making so far.
It is meaningless to say that BTC can't do alone without the altcoins, the altcoins need BTC, Bitcoin doesn't need altcoin to exist. The all crypto major pairs have the ask side which is usually BTC and ETH. The entire crypto market capitalization is dominated by the Bitcoin and without the BTC it will not perform as in the old years.
It is actually true. We should keep on supporting the community because we are the only one who can understand what is the condition and what we must do at a time like this. We should have courage to earn and urge to earn more than before, but before we can do that we should keep supporting even if the market is on a downfall, it is actually a better time for us to support every project, we as a bounty hunter, we must promote more of altcoins for us to have more investors, because the more investors we have the higher possibility that every project will be successful.

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